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funding gap emerging markets
South Africa

Wholesome fresh bakery

  • Lulalend
  • Invest in a Financial Institution
  • + 79 other investors
  • With a loan of EUR 32,600 Wholesome fresh bakery will be able to purchase raw materials and buy new machinery.

    €32,600
    Amount
    3.75%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€32,600
    Interest3.75%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 hours on 21 February 2019.

      Summary

      Wholesome fresh bakery started trading in 2015 as an industrial plant bakery that provides bread for informal trade. With 3 types of bread ranging from Super white, Super brown and Milk bread. The business started when 3 friends saw a gap in the market for a supply of bread in the less advantaged areas. When the business started in 2015, it started with very minimal resources. Today, the company has a huge industrial plant bakery in Parow with over 300 unskilled employees. It is Wholesome fresh bakery’s vision to care about the community by being actively involved in sport, cultural, education and other community building activities throughout the years as they believe it encourages Wholesome Living.

      Wholesome bakery requested funds from Lulaland because they were approaching their peak season and wanted to purchase raw materials to make enough bread to carry them over the festive season. In addition, they also wanted to upgrade their machinery to speed up the manufacturing process of making bread as the demand for their product was tremendous.

      Company nameWholesome fresh bakery
      CEOMohamed Sonday
      Founded2015-01-01
      LocationCape Town
      SectorManufacturing / Production
      Turnover€1,368,260.37
      Employees300

      Impact

      More than 40% of SMEs in Africa mention the lack of financing as the major factor limiting their growth. To help overcome this challenge, Lulalend offers access to funding to SMEs in South Africa by delivering working capital within 24 hours through their automated online platform.

      Easy access to working capital increases productivity and job creation, both necessary conditions to reduce poverty. A formal job creates impact on income and enables regularity of wages, allowing a family to plan for the future, save money, and improve access to credit, housing, and children’s education. It can lift unskilled workers out of poverty and allow skilled workers to enter the middle class. Therefore financing SMEs with growth potential is one of the key ingredients for inclusive growth.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 2 jobs are created
      • With this investment 10 lives are improved

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      We have already contributed to Wholesome fresh bakery

      Gert Baas
      Marcel Linssen
      Marc Sierink
      Gert Mosterd
      + and another
      79
      investors